Wall Street has plenty to be thankful for this Thanksgiving. Stocks continue to break records, even as the recent rally slows considerably. On Monday, the S&P 500 broke its all-time high for the 43rd time in 2014. But Tuesday morning’s economic reports cast a cloud over the market. The good...
Experts described the U.S. stock market as ‘under pressure’ Friday morning, coming off a fifth consecutive losing session Thursday. The Swiss National Bank shocked everyone Thursday by announcing they would discontinue a three-year cap on their own currency—the Swiss franc—against the Euro. With the possibility of quantitative easing-type programs beginning...
Six years ago, Wall Street was going through a dark time. The 2008 Great Recession cut the value of the stock market by more than half, and it was on this date—March 9, 2009—that the S&P 500 bottomed out at 676.53. Since that day, it’s been the market’s time to shine....
Coinciding with the start of the DNC in Philadelphia, stocks kicked off the week on a down note as oil prices slid.  The price of a barrel of oil closed at its lowest level since April 25th over worries over a global "over-supply." U.S. crude settled down $1.06, or...
U.S. stocks were lower on Thursday, as the market continued to followed ongoing debt negotiations between Greece and other European powers. One market analyst said the market was ‘held hostage’ until the negotiations were completed with a resolution one way or another. Meetings are ongoing in Brussels throughout the day,...
U.S. stocks shrugged off further drops in oil prices and disappointing earnings reports to move higher Thursday afternoon. Alibaba, Ford and Hershey are among the big names reporting today. Both Alibaba and Ford's reports fell short of expectations, while McDonald's saw some gains after announcing they'd be hiring a new...
U.S. stocks finished slightly down Wednesday, after the S&P 500 broke the 2,100 barrier for the first time Tuesday. Investors were encouraged by Greece’s announcement that the nation would be seeking a loan extension from creditors. However, this isn’t the first encouraging sign that has come along during this crisis—and...
Stocks were sharply lower on Tuesday, as another dip in oil prices concerned investors. Brent crude prices fell almost 4 percent in early trading Tuesday, while U.S. crude prices dropped below $50 per barrel yet again with a drop of 3.4%. Adding to concerns was the fact that the price...
Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again. The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...
The Tuesday trading day was highlighted by the end of a 3 day winning streak for the Dow and a continued stock slide by IBM. Perennially one of the most respected and successful corporations in the world IBM’s stock plunged to almost a five-year low after the company cut...